{"id":52570,"date":"2026-08-24T12:21:49","date_gmt":"2026-08-24T06:51:49","guid":{"rendered":"https:\/\/indianbusinessline.com\/index.php\/2026\/08\/24\/sumax-engineering-limited-announces-ipo-on-nse-emerge-to-fund-new-manufacturing-capacity-bidding-opens-august-25\/"},"modified":"2026-08-24T12:21:49","modified_gmt":"2026-08-24T06:51:49","slug":"sumax-engineering-limited-announces-ipo-on-nse-emerge-to-fund-new-manufacturing-capacity-bidding-opens-august-25","status":"publish","type":"post","link":"https:\/\/indianbusinessline.com\/index.php\/2026\/08\/24\/sumax-engineering-limited-announces-ipo-on-nse-emerge-to-fund-new-manufacturing-capacity-bidding-opens-august-25\/","title":{"rendered":"Sumax Engineering Limited Announces IPO on NSE EMERGE to Fund New Manufacturing Capacity; Bidding Opens August 25"},"content":{"rendered":"<p class=\"wp-block-paragraph\"><strong>Mumbai (Maharashtra) [India], August 24:<\/strong> <strong>Sumax Engineering Limited is a manufacturer-and-trader of automotive tapes, die-cuts, surface-finishing products, car care products and consumables for the Automotive OEM and Auto Refinish markets.<\/strong>\u00a0The Company is entering the capital markets with its Initial Public Offering (IPO) on the\u00a0<strong>NSE EMERGE (SME)<\/strong>\u00a0platform &#8211; a book-built offer of up to\u00a0<strong>52,87,200 equity shares<\/strong>\u00a0of face value \u20b910 each, comprising a\u00a0<strong>fresh issue of up to 42,91,200 equity shares<\/strong>\u00a0and an\u00a0<strong>offer for sale of up to 9,96,000 equity shares<\/strong>, at a price band of\u00a0<strong>\u20b995\u2013 \u20b9101 per share<\/strong>\u00a0(lot size: minimum 2,400 shares and in multiples of 1,200 equity shares thereafter).<\/p>\n<p class=\"wp-block-paragraph\">The Company proposes to utilise the net proceeds of the fresh issue towards funding capital expenditure for the construction of a proposed manufacturing Unit I at RIICO Industrial Area, Karoli, Tapukara, Rajasthan (up to \u20b9488.68 lakh); construction of a proposed manufacturing Unit II at Model Economic Township, Nimana, Jhajjar, Haryana (up to \u20b91,662.34 lakh); funding the working capital requirements of the Company; and general corporate purposes. The&nbsp;<strong>anchor investor date<\/strong>&nbsp;has been fixed as&nbsp;<strong>Monday, August 24, 2026<\/strong>. The issue will open for public subscription on&nbsp;<strong>Tuesday, August 25, 2026<\/strong>, and close on&nbsp;<strong>Friday, August 28, 2026<\/strong>. Utilisation of the net proceeds will be monitored by Care Ratings Limited.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Book Running Lead Manager:<\/strong>&nbsp;GYR Capital Advisors Private Limited<\/p>\n<p class=\"wp-block-paragraph\"><strong>Issue Structure<\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Total Issue Size:\u00a0<\/strong>Up to<strong>\u00a052,87,200 Equity Shares\u00a0<\/strong>of face value of \u20b9 10 each<\/li>\n<li><strong>Fresh Issue Size:<\/strong>\u00a0<strong>42,91,200 Equity Shares\u00a0<\/strong>of face value of \u20b9 10 each<\/li>\n<li><strong>Offer for Sale:\u00a09,96,000\u00a0Equity Shares\u00a0<\/strong>of face value of \u20b9 10 each<\/li>\n<li><strong>Market Maker Portion:\u00a0<\/strong>Up to\u00a0<strong>2,66,400\u00a0Equity Shares<\/strong>\u00a0of face value of \u20b9 10 each<\/li>\n<li><strong>Employee Reservation:<\/strong>\u00a0Up to\u00a0<strong>1,92,000 Equity Shares<\/strong>\u00a0of face value of \u20b9 10 each<\/li>\n<li><strong>Net Offer to the Public:\u00a0<\/strong>Up to<strong>\u00a048,28,800 Equity Shares\u00a0<\/strong>of face value of \u20b9 10 each<\/li>\n<li><strong>Anchor Investor Portion<\/strong>: Up to\u00a0<strong>14,35,200 Equity Shares<\/strong>\u00a0of face value of \u20b9 10 each<\/li>\n<li><strong>Net QIB Portion:\u00a0<\/strong>Up to\u00a0<strong>9,74,400 Equity Shares<\/strong>\u00a0of face value of \u20b9 10 each<\/li>\n<li><strong>Non-Institutional Investors:\u00a0<\/strong>Not less than\u00a0<strong>7,27,200 Equity Shares<\/strong>\u00a0of face value of \u20b9 10 each<\/li>\n<li><strong>Individual Investors Portion<\/strong>: Not less than\u00a0<strong>16,92,000 Equity Shares<\/strong>\u00a0of face value of \u20b9 10 each<\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\"><strong>Competitive Strengths<\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li>The Company operates as a\u00a0<strong>one-stop manufacturer-and-trader<\/strong>\u00a0across the Automotive OEM and Auto Refinish value chain &#8211; spanning adhesive tapes and die-cuts, pre-taped masking film, rubbing and polishing compounds, buffing pads, reflective tapes, domes and graphics, car care products, abrasives, tools, body-shop consumables and aerosols &#8211; making its offering difficult to substitute.<\/li>\n<li>Its\u00a0<strong>in-house manufacturing<\/strong>, certified to ISO 9001:2015 and IATF 16949:2016 and supported by a dedicated R&amp;D team and testing laboratory, enables consistent quality, rapid customisation and cost control.<\/li>\n<li>Long-standing\u00a0<strong>OEM relationships<\/strong>\u00a0provide credibility, repeat business (approximately 97% of FY26 revenue from existing customers) and revenue visibility.<\/li>\n<li>A\u00a0<strong>diversified portfolio<\/strong>, recently extended into Paint Protection Film (PPF), reduces dependency on any single product category and captures premium protection demand.<\/li>\n<li>An efficient\u00a0<strong>Kanban \/ Just-in-Time supply chai<\/strong>n and a pan-India presence across 26 states and union territories support timely delivery, lean working capital and reliable service, alongside an emerging export footprint.<\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\"><strong>Financial Highlights<\/strong><\/p>\n<figure class=\"wp-block-table\">\n<table class=\"has-fixed-layout\">\n<tbody>\n<tr>\n<td><strong>KPI<\/strong><\/td>\n<td><strong>FY26<\/strong><\/td>\n<td><strong>FY25<\/strong><\/td>\n<td><strong>FY24<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Revenue from Operations (\u20b9 in Lakhs)<\/td>\n<td>14,769.06<\/td>\n<td>14,612.60<\/td>\n<td>13,079.45<\/td>\n<\/tr>\n<tr>\n<td>EBITDA (\u20b9 in Lakhs)<\/td>\n<td>1,907.96<\/td>\n<td>1,502.66<\/td>\n<td>1,162.50<\/td>\n<\/tr>\n<tr>\n<td>EBITDA Margin (%)<\/td>\n<td>12.86%<\/td>\n<td>10.21%<\/td>\n<td>8.84%<\/td>\n<\/tr>\n<tr>\n<td>Profit After Tax (\u20b9 in Lakhs)<\/td>\n<td>1,275.86<\/td>\n<td>998.16<\/td>\n<td>743.14<\/td>\n<\/tr>\n<tr>\n<td>PAT Margin (%)<\/td>\n<td>8.64 %<\/td>\n<td>6.83%<\/td>\n<td>5.68%<\/td>\n<\/tr>\n<tr>\n<td>Return on Net Worth (%)<\/td>\n<td>20.71%<\/td>\n<td>20.44%<\/td>\n<td>19.12%<\/td>\n<\/tr>\n<tr>\n<td>Return on Capital Employed (&#8220;RoCE\u201d) (%)<\/td>\n<td>23.86%<\/td>\n<td>24.64%<\/td>\n<td>23.34%<\/td>\n<\/tr>\n<tr>\n<td>Debt-Equity Ratio<\/td>\n<td>0.21<\/td>\n<td>0.16<\/td>\n<td>0.17<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<h3 class=\"wp-block-heading\"><strong>About<\/strong> <strong>Sumax Engineering Limited<\/strong><\/h3>\n<p class=\"wp-block-paragraph\"><strong>Sumax Engineering Limited<\/strong>&nbsp;is a Secunderabad (Telangana)-based, ISO 9001:2015 and IATF 16949:2016-certified integrated manufacturer-and-trader of automotive tapes, die-cuts, surface-finishing products, car care products and consumables, operating across the&nbsp;<strong>Automotive OEM (Original Equipment Manufacturer) and Auto Refinish markets<\/strong>. Incorporated in 1994 and promoter-led since inception, the Company supplies a diversified portfolio spanning&nbsp;<strong>adhesive tapes and die-cuts, pre-taped masking film, rubbing and polishing compounds, buffing pads, reflective tapes, domes and graphics, and car care products<\/strong>, complemented by traded abrasives, electrical and pneumatic tools, body-shop consumables, accessories and aerosols, and a newly introduced&nbsp;<strong>Paint Protection Film (PPF)<\/strong>. The Company operates two manufacturing units &#8211; at Sriperumbudur, Chennai (Tamil Nadu) and IMT Manesar (Haryana) &#8211; and serves OEMs, refinish workshops and the trade across a pan-India distribution network of 26 states and union territories, with a growing export presence.<\/p>\n<p class=\"wp-block-paragraph\"><em>If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], August 24: Sumax Engineering Limited is a manufacturer-and-trader of automotive tapes, die-cuts, surface-finishing products, car care products and consumables for the Automotive OEM and Auto Refinish markets.\u00a0The Company is entering the capital markets with its Initial Public Offering (IPO) on the\u00a0NSE EMERGE (SME)\u00a0platform &#8211; a book-built offer<span class=\"more-link theme-more-link\"><a href=\"https:\/\/indianbusinessline.com\/index.php\/2026\/08\/24\/sumax-engineering-limited-announces-ipo-on-nse-emerge-to-fund-new-manufacturing-capacity-bidding-opens-august-25\/\">Continue Reading<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":52569,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["entry","author-admin_indianbusinessline","post-52570","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"_links":{"self":[{"href":"https:\/\/indianbusinessline.com\/index.php\/wp-json\/wp\/v2\/posts\/52570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indianbusinessline.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indianbusinessline.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indianbusinessline.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indianbusinessline.com\/index.php\/wp-json\/wp\/v2\/comments?post=52570"}],"version-history":[{"count":0,"href":"https:\/\/indianbusinessline.com\/index.php\/wp-json\/wp\/v2\/posts\/52570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/indianbusinessline.com\/index.php\/wp-json\/wp\/v2\/media\/52569"}],"wp:attachment":[{"href":"https:\/\/indianbusinessline.com\/index.php\/wp-json\/wp\/v2\/media?parent=52570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indianbusinessline.com\/index.php\/wp-json\/wp\/v2\/categories?post=52570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indianbusinessline.com\/index.php\/wp-json\/wp\/v2\/tags?post=52570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}